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4 Summer House Lane, Newport Beach, California 92660, Newport Beach, 92660 - 4 bed, 3 bath

4 Summer House Lane, Newport Beach, California 92660 home-pic-0
ACTIVE$4,880,000
4 Summer House Lane, Newport Beach, California 92660
4Beds
3Baths
3,316Sqft
5,004Lot

Price Vs. Estimate

The estimated value ($4,640,714.77) is $239,285.23 (4%) lower than the list price ($4,880,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Location & Lifestyle: Situated in a serene Newport Beach cul-de-sac, adjacent to a tranquil nature park, within a top-tier school district, and offering unparalleled access to world-class amenities including golf, dining, shopping, and beaches.
Top Cons:
History of Price Reductions: The property has experienced multiple significant price adjustments from its initial listing of $5.6M to the current $4.88M, which may suggest previous overvaluation or market resistance.

Compared to the nearby listings

Price:$4.88M vs avg $3.85M (+$1,032,000)67%
Size:3,316 sqft vs avg 2,673.5 sqft66%
Price/sqft:$1.5K vs avg $1.4K57%

More Insights

Built in 2012 (13 years old).
Condition: This property, built in 2012, is 12 years old, which places it just outside the strict 'within 10 years' for an 'Excellent' score based solely on age. However, the listing description highlights it as a 'masterfully designed modern house,' 'custom-built,' and an 'upgraded residence' that is 'move-in ready.' The images and description confirm an exceptional level of quality and maintenance. The gourmet kitchen features state-of-the-art Miele, Subzero, and Wolf appliances, luxurious marble and granite countertops, and modern white shaker cabinetry, all appearing pristine. The bathrooms are equally well-appointed with modern vanities, high-quality tile, and contemporary fixtures. Throughout the home, Provençal Old World hardwood flooring, recessed lighting, and stylish finishes contribute to a virtually new appearance with no signs of wear, tear, or outdated elements. The overall condition, high-end features, and meticulous upkeep align perfectly with the 'Excellent' criteria of having components that are 'virtually new, meeting current quality standards with no deferred maintenance and minimal physical depreciation.'
Year Built
2012
Close
-
List price
$4.88M
Original List price
$5.6M
Price/Sqft
$1,472
HOA
$350
Days on market
-
Sold On
-
MLS number
WS25008950
Home ConditionExcellent
Features
Good View: Park/Greenbelt
Patio
ViewPark/Greenbelt

About this home

Don’t miss this incredible opportunity! This masterfully designed modern house is a true gem, located in Newport Beach, with an unbeatable high cost-effectiveness. Your home-a stunning custom-built home meticulously crafted in 2012, tucked away in a serene cul-de-sac near a tranquil seaside nature park. As you step through the striking entrance, the coastal craftsman architecture captivates you, inviting you to bask in the beauty and serenity of your home. This upgraded residence features a bright and spacious open layout with breathtaking views of the park. It boasts Provençal Old World hardwood flooring, four generously sized bedrooms, and three well-appointed bathrooms, including a primary suite with its own en-suite bath for added convenience. The gourmet kitchen is a chef’s dream, equipped with state-of-the-art appliances from Miele, Subzero, and Wolf, complemented by luxurious marble and granite countertops. Situated in a top-tier school district, including Corona del Mar High School and Lincoln Elementary, this home is also conveniently close to world-class golf courses, fine dining, cinemas, Fashion Island shopping center, and some of the world’s most beautiful beaches. With its unparalleled blend of sophistication and convenience, this move-in ready estate offers an unparalleled opportunity to experience coastal luxury at its finest.

Condition Rating
Excellent
This property, built in 2012, is 12 years old, which places it just outside the strict 'within 10 years' for an 'Excellent' score based solely on age. However, the listing description highlights it as a 'masterfully designed modern house,' 'custom-built,' and an 'upgraded residence' that is 'move-in ready.' The images and description confirm an exceptional level of quality and maintenance. The gourmet kitchen features state-of-the-art Miele, Subzero, and Wolf appliances, luxurious marble and granite countertops, and modern white shaker cabinetry, all appearing pristine. The bathrooms are equally well-appointed with modern vanities, high-quality tile, and contemporary fixtures. Throughout the home, Provençal Old World hardwood flooring, recessed lighting, and stylish finishes contribute to a virtually new appearance with no signs of wear, tear, or outdated elements. The overall condition, high-end features, and meticulous upkeep align perfectly with the 'Excellent' criteria of having components that are 'virtually new, meeting current quality standards with no deferred maintenance and minimal physical depreciation.'
Pros & Cons

Pros

Exceptional Location & Lifestyle: Situated in a serene Newport Beach cul-de-sac, adjacent to a tranquil nature park, within a top-tier school district, and offering unparalleled access to world-class amenities including golf, dining, shopping, and beaches.
Gourmet Chef's Kitchen: Features a state-of-the-art kitchen equipped with premium Miele, Subzero, and Wolf appliances, alongside luxurious marble and granite countertops, ideal for culinary enthusiasts.
Modern Custom Construction (2012): A meticulously crafted, custom-built home from 2012, showcasing modern design, coastal craftsman architecture, and an upgraded, bright, and spacious open layout.
Premium Interior Finishes: Adorned with elegant Provençal Old World hardwood flooring, generously sized bedrooms, and well-appointed bathrooms, including a private primary en-suite.
Scenic Park Views & Turnkey Condition: Offers captivating views of the nearby nature park and is presented as a move-in ready estate, ensuring immediate enjoyment for the new owners.

Cons

History of Price Reductions: The property has experienced multiple significant price adjustments from its initial listing of $5.6M to the current $4.88M, which may suggest previous overvaluation or market resistance.
Limited Lot Size: At 5,004 sqft, the lot size is relatively modest for a luxury property in Newport Beach, potentially offering less outdoor space than some buyers might expect at this price point.
Ongoing Association Fees: A monthly association fee of $350 contributes to the recurring ownership costs, which is a factor for budget-conscious buyers.

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